Dorian safeguards itself for hostile takeovers
On the heels of the battle for Norwegian gas carrier Aurora LPG, Dorian LPG has now adopted new shareholders' rights in an effort to protect the company from a hostile takeover, says CEO John Hadjipateras.
BY KATRINE GRØNVALD RAUN
The gas industry recently witnessed two of the most major players fight it out to enter the Norwegian gas carrier Aurora LPG. A fight, where the largest of the two, BW LPG, was successful in acquiring 15 percent of the shares in Aurora, while Avance Gas had to admit defeat.
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